AerCap Acquisition of GECAS
Continuation of Successful M&A Strategy
This will be AerCap's fourth acquisition at a discount to book value
Date Announced
Acquiror
Target
Deal Value ($ bn)
debis
Jun. 2005
AERCAP
2.8
AirFinance B.V.
Services by DaimlerChrysler
Sept. 2009
AERCAP
GENESIS LEASE
Dec. 2013
AERCAP
limited
ILFC
INTERNATIONAL LEASE FINANCE
CORPORATION
1.3
28.1
AerCap has grown through three
significant acquisitions: debis
AirFinance in 2005, Genesis Lease
in 2009 and ILFC in 2013
AerCap can draw on this
successful track record of
completing large scale integration
Importantly, GECAS has built its
fleet through disciplined organic
growth, not overpriced M&A
Mar. 2021
AERCAP
GE
GECAS
~30
AerCap Confidential property of the company, not for disclosure or use without permission
AERCAP
6View entire presentation